Sunoco Logistics to repay revolver borrowings via new note offering

By Tali Rackner

Norfolk, Va., July 7 – Sunoco Logistics Partners Operations LP intends to repay outstanding borrowings under its $2.5 billion revolving credit facility using the proceeds from an offering of senior notes due 2026, according to a 424B5 filing with the Securities and Exchange Commission.

As of Wednesday, there were $1.3 billion of borrowings outstanding under the facility, which matures in March 2020.

Net proceeds will also be used for general corporate purposes.

Sunoco Logistics Partners Operations is a subsidiary of Sunoco Logistics Partners LP, a Newtown Square, Pa.-based operator of assets that transport and store crude oil and natural gas.

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